Tuesday, 29 November 2011

Good News for Angels and Small Businesses

The chancellor will announce today a £370m package aimed at encouraging small start-ups to grow while also helping small businesses.
A new seed enterprise scheme will aim to reward entrepreneurs and investors willing to take a risk on high-tech and innovative small businesses.
Those that can invest £100,000 in a company with fewe4r than 25 employees and assets less than £200,000 will receive 50% income tax relief on the value of their investment and a 1 year capital gains tax holiday the next year.
This Seed Enterprise Investment Scheme will cost the government £120m over the next 4 years.

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